Monday, July 19, 2004

The New York Times > Business > Media & Advertising > Advertising: A Radio Giant Moves to Limit Commercials

John E. Hogan, chief executive at Clear Channel Radio, which is based in San Antonio, said the sprawl of commercials throughout radio was causing clear harm. "If you have listened to the radio at all, you know that there is an amazing amount of commercial and promotional inventory," he said. "So much so that we have run the risk of diluting our product."

In other words, "Satellite radio and other competitors are kicking Clear Channel's greedy ass."

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